28 December 2011

Charting Progress ~ Per Capita GDP Doublings!

"Average incomes in developing economies are growing more quickly than at any previous time in history according to a recent report by the McKinsey Global Institute. It took more than 150 years from the start of Britain's industrial revolution for GDP per person (measured at purchasing-power parity) to double from $1,300 to $2,600. [...] China did it in just twelve."